Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
1967 - Comp. Annual Financial Report
~ 6~ -,~t -~ &) = k~-7 ~1t ~ ~ ~.:~ S~ \",,' ~ ~ <I: ('f),"", l:i-I ~ tti f$~ ~ c;;. ~...~ ~....::::; ~a1 e?!l ~ ;.;jt,) \0'4 i-l l=o4 t.~ >8 ,l'i';;'; t.... r} Z ~ 0-' ~ . ~'"',.,! t,:~1 "":~,.i 1i'"" !$;i ~t; F~ c;, ~~ ~;;) . .. @} ;Z1~ C'~ ;~ P"4 J:- ll} >~.Z? "'{'J'"i E~ ... ~ c.J fJ:,1 ""'" -- ~l .= it t:.il ~t:> "'t.1 ~. . ,-I ~ ;>"4 :cl .:;, .:;.> ~ C,J r?j ... ~ ~. ~ 6 ~. i:,l .,.j ~... ;(~t~l: t:\l ~ 0 rfJ n . .. ~'- (~ !;"o~~1 ~M' ~p k ell ~.~ \.~l ll> ....- ... """ ~ .a1 Ii- .::.~ \.:~'4 ~ I,""" !""I itC1, :(j:,}: '~1 I ~~ {j) .. m ~J e"j i\o\ ~ t.\1 fj ~ sc ~ w .. ~ a t- ."" 00 ~ e\"5 :tl;,. 0"7) \Z1 e:t;) ~ . ~:l ~ 'PI ,..j !II.) ~, II.>> .. <?) ~ ... !--i ti.) M iV " 13 e,;J ..~ 111 Q S"...>i ~ (!)\ "'-:I ~ ~a jI,s !">it a; ~ ~l \1}~ .. t) t- ~J;:!~ M <:I' I>l .... .-! ,-<I \!$ 01>..... "",,-=-.. . ~I t.';',,'; F""Ii. F>l o .. ~@ ~ "',1;;.'';1 ~ ~1 p.~ @ it! ;0 'R ~Ji e;l1J2 ~ 'M k l:J C i!~ Et ~, ~~ ~~ "';:";' ""1 ,..ti! I;<,-.U 00--) . . ~ 00il ~~ }t'J~ C.~e ~.'.' Ci) ~ ~; '""",~ . ~Li <oS ~f: ~ ~\I ~. o~ d~ ""!\,';) ~ (!;l ~ 4~ $ ';:1 !l'.! ':, +' 111,8 ~ ...,a fi:i @ ,~ ~~ t9' r;:..e; ~ ,,{~~ ~o ';:'1" <:;;) ~ .~ . C:J - ';f;!;..'f' ~. ~, F'I CJ':. e, .-l g tt g~.l l:DO t:.OO ~o .... at) 00 ~l {;'j ~.;J"_ .it-t. ~. Fi, ~ ;:) Fl o~ e....... '.. l~.;"~..'. c.'.".'.. .- . l~ ~':l C' c. ~ e, f:;;; M' ~, ... t.~ \:{) C!"~ c-~! ~~.~.. ,>,,~ ......JO' ~ ~'l "." 10 ~46: .....~ ~;1 :-. f'..=.. 'Ii' ?O ;r. '<t'ii. '* ...... .~~ ;~ ;$: * ::k *- ~ * >I' ~ * * ~ ~l * * ~ ..;." {t' '* " *- f'9 ..,A ,...j * M (t1 wi ~j ~,. e""' ,.-.! ~ i'''~' * ,.... ,.-,:? 1'" r:iS """'" ~ ~71 ~ .. ~~ ~,T_' "", .. ;O'."J j!." j""j ~~ e Q; 7~ M ,..; ~ fI'i C .-l ~ Y ~ F'I f;;:} ....,;- ~ f"~ ~M C "'~ C~ ;':} ,;] ~ -.-l ;;::. .>" 0 ."" ~!i."'; r."" 0 ~ .... ~ M ... ,:(;1 ~ ":"4 .i fit l1J l\.l ro ~ '" - ~ ~ C Q U} . . ~~~l 00 v:..... (;) C'I l~ 01 l;.;) <.~ ~ 10 li:'1 ~ OJ ~ . .. .. .. .. .. . .. t:) Cd 0 0;::) ".,j !l'- C %0 ~J ~ .~;J o:.~ '-, ,.:) CO IN ~ e:) "'Il' !ley <oj' 0 ,.... ~OOl:C C' l" }It:J &0 It."'3 ~ .. .. ." .. .. C'.} 00 Ol< ..... <:.? .-I. ~ ",.,; C) 10 I;- {'it:! f;\l C:S {.'\i ~rl} ~';:;1 ~ll?l- ,,".l , t- Cl:# ~ ~l . 'M -!.l a- i.':} Q i:"~ {;W .-II 'r'> lltpo'4 ill 10 OJ {\l ~ ~ \\) ~ f.4 'CJ ..... '"" Q ~ .'~ e; g j:;;";; ... ~oj !>.~ E:~'! ~- tlJ ;.>i;i o{.:!l ~~ t:< ~ ft....-f ;..>.... ~ S; v.;~- '".. t='I <:~ -, .... ,. v Q ;"'...1 ,'''''''' ;...-sd rJ} CJ' U1 fil,.. ~~ 1;1 k .1'4 ~ ~~I~ """ ~ ~~ t} .- 4C 1:<1 a 'R .... ...;; Iii>! e-n (l; "" $~ t~ -*.( ~e I!.l {:l;~ j' ~, P. t.,;, Q) ~ ~;-c ;..: P<l l;i) 1':,.., +1 M ~ t.:> r"" ."" '1' <<0 ~-t 1.;:; ''C:j ~1 lAA! M FC~ l;\l ~ i\:!I ~i t~ ""-~ E~ ,.~J;>. (;;l "",. ~ :,0>->1 ~ I[;; ..., -l'-~ l> ro ~ m ..... ro :<"."g ~; P "" ~ ;S J.. W 00 ~ ;j) e< t- oo I,'.; ~ $<.'j 0 ijl ~ < ~ <) tI1 liP ~ Q;i ~ i'lI. ~ M t} <J;; ..,.,.,~ ~ l'll .... .... t:I ~ Q fJtj 1,;r;;1S ~ ~ J;j ~ li,~ tll' ~ ~ M tfJ .to! e l"'l ~ e f.I ..~ ftl """"" t;~ F'l ~ ~ .:i g ::;$ ."", ~ f~ l!) ... lIJ !::l ~ ~ Q - "::J .p ~'t\I !IJ n~ OJ I:) -G> ~t _-I' !ll 00 W {} '" """ ,... ~ ,'-'l .-:I 0 ,., ~ .~ ~ ~:~ J"C:~ l4 ",.,; ,*1 .... e t.) 0 ;:;l ~ (> <I) ?;lj m <;''; ~ m ~ f.j ~ IV (;,I ~; e .PI f:~ e;i'; ~ m {;I k ~ ., f.,; Cl" ~ -mol ~) .,..) ~, ~1 <ll rJl r,o ..~ ~ f.l ~ ~j;i ~~ t:;.j .p 0:;., F~ ~ \1j ~ ........: {;I .;<} ~ III tll o-j l<-~ @ 1'~ ~ 01 ~ (J} fli €~ '-' r~.:; ~~ . . . !iJ~.1 ~';2P ;:".; ~. l'i&l .,~: S t$ (f) -0 ~ E5 ~ rl~ ~) ;:~ w ~ ~p I-! .._,,~~ ',d C~. ~~ ~~~ en A ~,.;,] o~t23 ~~ <"tt~= H ~. ~ t~... <! l-i ,~ ~(,.}O ...1 !--... l-i io-q"-,r"" >> ');. ~.;; ,~ ,",", en -< ".. ~)~ . ~- 0 '.5~' i:"..'J C\i C."Ji.. 1;<>. (;':1 ~t) "<:i'~" ~ CJ ~f,fl &0 ~,~ ~ e---l ~ f;'1 ~ . ~ . . . . . . . . '~r E...g -:30 0..; {;tc c-".: ~d c.':; ~~, C':) C') ~.f i-- ~:~ (:j il7} ,=>'~ ~::1 t'~ c.:';;! '-;::i~ ;:1;:; CO <:'.5' ~:~ ~.~ c;; . . ~ ~ ~ ~ - - - F"4 t:';' f;\~ ::;';;: ~!:;.; t.t; ~~ t'''C;i, ~ ..,., ,-! f""I .... ,>-4 ,j;;, ~i~ t.:) o ~ ~ ''If"l $ f:J ~; . <.';J f,) ~ ~ 5, ~Jl.;t . t$.~ ~ ~ iM I-! ... . t;l "" ~ . :;) if';. ~ o "" ~,j' f;;;~-;' . ~:o4 G ~~ ~- .=1 ; ;~ ,.,.4 ;"-'>! (f:: F"'l .,....1 ''',''0 c:... ,..L:r: i1"'....: ...".. r;:::. '. . .. o t,) fl ~ ;~,.} e':>) !~,..,..,;~ ~j .. ~j} ;g r,::,} ,,*1 <::: 0) It,:) fl'<o ,~ ~ \';;;1 v=I 0 1:';}1. ~~....~il"<'v:;OO"""~""""'il" . ~ . . . . 0 . . . . ~ f;{j r~ w:,f.. lC ~ ..-4 (1; ~ ?"4 C1 r:,::;. a:;JJ ~:~ ~~ ~n:...~ ~3 ;~~ :~~:~ '''''"1 " ~\.:J '" '" q t=t ... .. . . :r"'" ~1~) ~ ~ ~ ~~ e'~ c~ ~- @ C-'] lr,) t&:;i ~ ."'i CJ a(']\ ~ (;>~ ~ Il,":> ii~ 00 @ I'" .. ....... 0 . ,~ t~ ;<l=~ ~,:l ~:i ~.~ t~ v-~:4 ~. ~~. ;.; ?i~ ti0I ~~ ,~ ... ,:',] Wi) ~4 ~ Q t1:'.\ , @ ~J OM =., 6;~ .~ ':;"! p'. "",J 1tl ;},'~ f=.~ ,.:>-, ,,,-;.' ~~~ ~&=,.... " e~ ~'. '.,.> .,P"Z"- -"""'''''-. ~~ S~ ...."~, '=>>" l1.~ . ti ~ ~o "'''''"..,.... ~ k ,~ ~':d ~ i""'""~ ~'";O~ ~; f~';; 'y ~ Q i:;.J -,_'_ ,\": \..->" '';i\ "<,1'. CI t.... ,7';) t- . ,~!I ~ , I I a; ~~ " Ii.':! 'C.) ~~ t:,~ ~: ~ }"""'; :'....1 ?';f: :t~ :'",.. (j ~) ~ ..~.:o! ~j tJ :.,:,j ~~ . . . . CYi1.SE1IFIC.!l'l'10N OF nlSli"UrrdEM1':1"'lTS ,,' ~ (' . t~' 1" T......... ......... 4",,"'~ ..;. ,P,jJ.;1 ."') Total :2:\~-Miscel1L1uemHi.' j(;',..: J\3:'tll'C h~l'Ili (lb e ..,T.r. l~,u~\c~e:::t 1 ~';;. ;~~t\l,Jr~f~~izCI ~ Wi thhQlding T~u ,(:a thboltlhl.g R\.~ti.l'emollrt C(Jt> {~{'). (Pa~ka~;h:jg ) Com~dlSa:hm. (License) . (1"x' i(lI!il lJ.'al?:~) i\SSU. , Storel1il Afllsn. ~. '1i',",,, (p""'~~"'I",;;...",~\ , .~Ji!J<'~",., \ -&; ~,\'\.i~ tq~ "lJ..d'~:h) (S.!.~l~WJ 'r.ax) r;XpOmlQS ~t[J:tEJL g:;:)(Fr:,i<\r~ ~ngr~'i; : G01't>1~. (,.J\.lar$i! ! :.r t!~ 11 \ \ 'cJl...._l :i~' inl~ \ "? '.~,j gUJt,,'il'b;,\I~'llblH:n' St.:tlJiIP$) ,., .. .. '-,I"'" In.~ ' lijXC('jiEl~l1t).,,-..~~:.~~;;:~j ~ {~~:itA;tCe l~.cO$'~age iP 11 " ....,ff"'."".,"'...'......I..'.; A ','.1>" ," "'1'11 '"J',''''''''''' (co "'''''r'l " '" '" ~ .li-..~.I..& ,It, ........ .:t "" """'I,,< "." 1_..JJ.,I;r.",(:,;..It., ~~' J!.. '\!:) l:A.!:?fJ.~'" .::..lGC'7' (Ll~):HiC:r , be., t,,,,:! ,~'t ~ _,~ . \ltb~J'l~Ib'f11~11I1M:,;j ~ l' \. :::iUl"P 0 U~ ,1 I:" St.mltJ!! C(J. (Envelopef3) !'low ing ) f:" IJtenf~ir\" ~;~':: .~> l~ \ l~\ ..: -~~'~.. , .~ -\~ .z..,,,"!!.,,,. > he i1 !~31l \ ttliI :C:!Cl}~s.t >~~i: ,~'t~ " ,~..tJ:'1 ~~ ~o.~e (iI'>, '" , . I, lesl CfJIl ~:}t."d\~te ':t" ~J o. pi "~'l!!:. t.;ll't " , '-I' :0. en,,' ;;\4J~. 40 '~,i35S.69 ~), ~l~~~~. 95 :1., .30 l3~~O.30 1,173.17 _~,J!Q~.,2~" ) 150. O~"i 15.00 13.00 1O.0G 15.0,l) 101. i~5 (~~~JJ;11i~ ~l,..78 282\,.53 10. 50 14.23 35~ 1,HiO.OO 3.80 'i5. 310"1.00 ;j t 2;30.. 91 n ..-1:5 83.20 {~.OO .00 12.55: l~.OO ,12. 1)2.79 i =--:', ,aHll.ll ,81~1.81 20 ,!.HJ2. () t',~~", t:~"-" -=. ,~':; ~~~;~? ,--}?~ ~~~.3, n3(t. . . . CLf\.:';;J':,!1:'ICA'lIION OJ? DIS1JOnSEMEN'I'S ~-~" {CONtT} , ~~. NOr.tJi,we E! t tJh~iF~l,' E>:jrvi ee Nortl:me"d;ern 'Bell '..l:eleph(UHll, Co. l.;,rort,hw~~S'.te!'I':! Na t:tonal l~l:l,nk (Bond Inilo & Gi"lgilJ.) P"'l"';'lil ':" "~"t>.'ii 'Ii (!\...",,,,,,..,tl''!'l'''l~ .Ji,,~~'....J..~1l.,. ~";;~,* ,_'d_,,;~J....u. \,'"~.'ll.';~VQAJ/; ,.,"1."'. Pat Pfl:rt ~Lb\'le Sl:'lr",ice~ Vl1h~~r,E; ~i SjH:l:re1ill'~,O(J. Vina?-t~ Shar~:) Wegt & H~HHna (Mait,tem.U1M Sl:!"13'l'~li(~lU) LifArrtint~ Inc. (Miai.ilt~mfi\1(H'; Supplies) Murid ,1.. \/lil:J.owdl (Sdt;tlFl/) fin 1 ia~::Hi,' OveI~h~<<~:.fl l~;Xt}an~ e fs Advft:alO~ I"loof' Co. (Vaenwn) C1iffo:rdA.nd(lr~hln C;Oriist. Co.. (Bl~lg.. Re,1.l.01IeH:u,y;) B & C Floor Cov~ring Inc. (Bldg. Remoclolir~{) Carhon St4:il"~A11b.ture$, Inc.. (Fbtu:refl1l i!: Wi:~U:;: In) Cash Ite(~hl'te:r Sales (Curtlh Regil!lters) J)iillplra;y l;'i~tUl'$ $ e :[)l1eo (:nemodelb~I~-S!lecfS) 1ohstretnl" ra!&ct1"ic C(~% (~ler!lo~leUn,~) Lyman Lumb~l" CQ. (Remodeling) rl .. 11'" lJ? <~ 'l!' '1\ ~1 ~>eT;,rl,C ,",i~~ \;,\'emo"i!!i~,lng, Minlu:rtClnka Hef'~;,ld {Ijl!];~Kid l)i~l~) N/):rthli';eI:'4t'l'lrn Nation~d (l~liIud }tetiremm:rt) Robinson King 'lQors~ Inc. (R(J)mod~ling) Pr(iihlGt.f~ (Vtu.n.l'l.Ul},) O'l.rtby ((~(~nel'al !i'itU(ul) S ta te 'l:lalll( ipa.l 1:;' .t(lr~) 5:~.(V~ :)i!,O. 'm ~112.25 1,215. 16.50 1,O"lB.94 5.38 25. f.r7 300,,00 !~ 19QO ~QQ 1130 . 00 ~Hn. 1,)0' 92.00 10,H25.62 . ga5.oo i150.00 M.40 19.90 576.34 10.50 5,000.00 761.0($ 115 00 ....L.~...4>.ih.O~_~~ 14., ~g(?i(~,.10 Hg ,4;:::G. 19,nno...oo 517 . ~;}~i ~_"~IU ~~?~ ~1q~ ~" ,~ '~~ft ~:Hjl '~;" (Ii>1~Y & 3 d,;.,.,'t"~iJ t.,l --'" .~ ~'l ~~ ~l 1 1 "I M~ 11:- bb \~,J t- ~, <;','- .. ~ .. "'"1 C' 0 t:..o {J} t'J 0 C~ N ~ 'I:- o=! ~ ~ ~""" 0 {f~ ~ C'i pol ,~ +' -..." ~ ..-l ..- P"'4 !- "1l" !""'l ~ t-o ~I ~!.) ...- "'"' o=! 'i"; ~-'...' e\J e.j ,,,J ';:;1 ~t~ 7i:;.:fEl ~'1,,;;:__ i:.'>7 ~iy .:f.i-g; ;;:i; "i"l :iJ m Gf) ] 0'1 ~I ,-.) <;l'" ..-l ('~ ~ .. .. .. ~01 Ii:- tj) ~ ~ ~ v'i) c',l p>1 \':'~ t- tt.'l ,~; ~l ...~ .. .. 0 ~';} "';\' 0 i.!l "I -~J! ~~ ~, ;;) P'"~ 03 . g ~ ~7}; ;.~-::t ~ 0 ~. ~ UJ ~ ~ mi '""~ 0 "r +': t:J ~~ 0 C:i ~ 1-1 ~""" ,.;J ~.~~ V'I !~ ..;! ~ e e IH ;;j n;' tn ~ <M ... 1-; ',,;,-," frl e Q t!:l ~ -.!~1_ "'"' ~ I"">o!' () If: ~ fg " ~ill r~ .'-; ij'-l ii,;;' ... I""'l -',;> '!'C} ... ~ ~ :>i "1"4 t~ !bl .... ~ w ~~ ~ t::1 ~ ~ t:.'t ~ ~ r,:: a.. ""-' ~ r~r ~:x fi'.! ,.h:~'4 ,,1 0 0 ~ 'l"l ~ 0) """,,-,, .~ . ,":-.,. r: li>-. .~ w r: ~~ ~.:; ...., ~ .. J;;~ ~~ -t'J ci ~- ;"~~~ .. 'l"l Q ~ Q:I {) W "'" .. ,.." '~J t~~ 1rJ) +) P1' f,.t W l\l It"" ~ .;'J W t""'l ~ -$'~ ~ ;;''"4 <If ~ W ~ i_; .~..: ({) {-=$ ~l W 0 'M ~ ~ F;4 ."" ~. "P~- 'J ,..1 ~ 'M (tl ~, III ~ \,II", ~I t1J ei;j ~ <i.) Q ~:U ~ 'l) ~, ~"., \4 Ql ~ M ttJ ~ .. 0 ~3 X ID ,~~~ Ci III 0 ('~ C"I~ .;l Q ~ t;~ m :i1f.-:r. ro- ~'j; +' ~- ~-<. ~:J +' t:l d r....~ <""~~. I',q, ...e1 .~ {I.l 1;:fj ~ :;'j M ~' ~ "",<i ... !>-~ ?:!:J ~ 'P f~ ro &.; Il' (i.1 U .. <i~ ~ !;j, W e Q,I ,+"' ~ ,~ f.>, +' ;r;~ t1L 'H'" {l; ~ ~, ~ ~ ~ ~ ~ '."",,/ z.:~ ,...,,~ ~ ~ e. ~%!{ i.~~ C'i ~~ :c~ tfJ ~ ~ fi:<A' ~ e;. r)'1"'\ ~~ 1;.:' :\'1 . . . ~I ~~' i~ p:>t" en ~ p.rj OE-4<<l ~'#r ~~ -gpJ M ~~~ ~iSl1 ~~U}~ i-l c:) t) e l=4 ~~ ~ ~~~e; ~~~ e, H F"l ~l~ "~.>' ~~ ~ ~".,..... )...,... i? ~~ ".f1 ~ ;:'(i "U ,""~', .0 ~TZ ,.:~ . .. . f'" ;;>:1 ~ (iO ~ <<1 .., {;'J '"<t' (0 ~, eo .. .. ~ (;\J F"'l .-.l ,~ lO'"'l M:J :v.'4r f:-"t ~ .-",," .;,~ ~., Cl:l ""1 <;jl I""'I~ """ t;'''H.' t-- C'J ({,J "1:1< ~ V> ..... "" ..",<, ..... P"-"I'. t!...) ~". ~. .1,.,1 t,. "...'~' .... ~.g- ~ ~~ C'.l ~r-:' (~ "...'} '1--~1.'- '-d. ~ Q - ~ ... f~~~Ot?:::C[jJ o <iCJ t.;;J ~,..... ~;; ~ I ~~ ~"". ,;>oj ",,,,i: i".'n ~~ ~~ t:2, ~ ~ .. e fl'j :t:O .. ~ ..... ~;::;; Cd r- .. I:- o t;o ... ~~ r.;.!) lt~'" fII:.l <"'11""; 1.'-1 t'- J*'l <<;j'l I.'- ro ,)'J . .- . . . . -t' (;!) C/:l i.:';l. I.'- it:; c-.~ '~1:i Fi ~,. ~<t ~-4- ~ "',f (i.; t~.,. t;--~. AT) C i. .. .... q Pro ~\ . .1"'. .':i! ~ ",..\1 iJ..,! ~ (...", (i..!I t",. f,C l"""l .... C?~ t~t;"- :;~ ::-"" C4 c' , "~. ",-.". I ~ ~ ! I ~ I . ~ "'rri 1~ -.~- eJ ~~;';.{ o ~ ...; ;;:':'~ e;'j ~~ C ,., [;~~ ",.j m,J. ., OJ {~ -~ 14fi ~~ :..._,,~ i.-.r, T~'-, ~3 ~ '" ,.P, ~r "I'd ;:'~t "';'? rf; ~ t"'/'.! L g ~ ~ ,., ~; ~".l P'~ -:-.1" ~ ... <,'" J:(; ."1\ ~;B ~"" ...~~' (h .-I ~ ct> 1/2 ~,~ r.'.... C (iJ i.j <:IJ .... rl 'D ~ 1l,} ",.. "1' f&f ~; i:,t ~ 1J.} 1'"",,' H c;:; ~ . <:1; 1;'10:> (Th .. ;S {tf); ~~ ,~ C'.~ Q :;f'J p~1 -0 F'i 0 e.;; ';~1 L~ ......t ;3 ~:; ~ g ~~ ~'. A.. p~ i'..~~ t;;;t I 'r$,; t~~~ f~ j f'"I"" ~ t:::> a.? <<} f;I) '"'" e'J1 t1J .-l If:l 0 ~- ~'I .".... '..'t "'" ,"<. ,,~ "'" -'.' "'..... -.".." ,,,,}o~ J;;.~ 'i, ~-'-" ~)ti Z;~ ~~ ~~' ~:; ~ I' .. ... F,,",~i ~. ~" '. ~ i P; lil l:.l;~ ; fa ~ 1:11 ~ l"""; ~,~! k {~: ~;.~. ~ ;kit ~ ~"t .-<(,;.':, ~"""'~ '~_.,~ ~-"'i ~ ,,~ ...;,.;i j,; <!.l ,~{ ,~ tl; .... ({ }.",;"j ""'-", ~~,~." rJ'1 ~ Cl) ;,} ~z~ i'~'.J ..~ t;t~ fit. (!l ~~ t:;~ o ~.:: 8 ~ ";:4 ,..,~ ~:.",i . ~ ~, (:'1 .. :",:,"- iN ~~~~~~-tMN~l~~<~~l~~~~1 """"- '0,';'" __ _'3 ..~..-",J- '<-.... ..... ~'::t "', ""'~''''' ;f"" '.... ~.,'" -,."" ...... ~ oo@~OC~~~C~O~MO~~ . . . . . ~ . . . . . . . . ~ . . i~~i~~~!~~~~~~~~~ ......., .. P-t ~ ! ~'4 p~1~:.t ~:">3 f'"~ ~~) l !i 6 . ...-.l ~; '<:1' ... t- o 01 .. C} ~~ O~ C. e\j ~ . . e:-., r~ ~ 1 ~:._"',~_ e;~~: '" "-J rId' \l.l C<l r.:i ~. ~r ~;rJ ;.~~, t~ .>p;! ~ .... r~ m ~ ~ ~,~ Ul ... ,.. e) ,,~ ~~ ~ ~ ~~ ~ fJ) "'l~ e ~~ ;:.;,;;;;, ~ Ii'.Q "i~ .;.4 ~) ~) '''~, ~ ~ '.::"'.'~~.~.' ~" ~ ,..;.; ", '.::.1 c:::. "'1 ~ r~ ~Pi ~'....\ 4.;} :><'~ ~"'t r:;i ~) In, '~'-- o'!L~:) . o (;~ t- 1~') ~~~,,{;l . . .. CV fcii ~ ...;r'~' <:,,:' ~-=-r e;,,""- ... Pi ~c f 0- t:':J . {:':;J . .. (:;~ ! C':l ;C'~ ~ ,~"j .~~ F"l (j'id~;) ;,;!) ~. ,;) I ~ <::1 paof C;J:. ~; 0 · t,.:1 ~-~ ~ t~-f .. l':;\)} t'2 ; Cl l!} r; t"" @ ~, e ~ ~ ~~ i\<l .-! .,.. ~, :~ l2.l ~ ("'~ ..~ ~ ~ ~-4 '. f rJ .~""- ~ l1,l f~j i c !!) (;~! fj ,"~ 1,) \'Ii Poil ~ f;;J .;:J "Pi ~ lb, i.~ ",r:,~ ~ ;;1 "'.., r.~ \h ~ F~ ,g ~ "'-'~ ..'-~';: t:<'\>-J .- ;_.:::;, ::I~ -, ~~,I <l"J ~ ~1 1 ("',~! '<;0;;>." C'J ~j;l .. ~ "". h'-' t':> l- ~1 ~ .. iL~ f'\-!!: .r;;;l ;.;; .:,~i:-~< ~:::'J" -~',' !tl (i) t$i ; C" ~' l';'.l ~ .c'-'~ ~ ~ $01 Ci F'" :.:;,~ :;~~:..! "'J, ~ r-. ~l ff~ ~ '(1) ~4 ~ ~ C;J. +" e t:~ ... Q 1:<' ttl .. "..14 ~ ......... l:' ';::n J" ".'I~ ..\, ~,~, . .. ~.., f:':\~ \'--- e;)' (:~J ~L~ i .. ... .. ~ '~: ~';;'1 ;-....~~j ?"-'"1 '''-"..'' ~ ~, 0", {;;J ~ ~ . !r":.' ',~,l I::' .....e.,:>o", e;) i!- <0 t..,~ 1]j ~ iO ~~ .. .. . M~'; '," f:;\i ,<'"' .'" ~ <". ~,~5 ~:; ~f; ~ t .. "I .,.-) '='1 ......~w..1 ~~~ t,,-.,~ ;"!.. -,~ -r,;~~'; f': ';.f). ...J.i'J ,""":; ;."'~ ::J ..J ~ ..-,";;'~ III (II 41 P?'-1 ~~ ~. Jr, C:'~ ~ _. ~ ~,;) W ,:,;, ~ ~~., ~~ L'~' ~OC--" ~',}~ ""\ >"'~ ...... :'''''1 l~..'. i; ::~~I b i":4'io ~~~ ~j "",i ~;..~j ],1 {)';U ':;",';')'~"I~' t~ 1;#" o ~I ~II "'" .. ~- r..:....,.~ 4':J1 <:'?~.I. \XJ ~ ..,j ~,) o 'I:1:J ~~ ~} ~; ~:~~ o 1"--'" . ~ ~ e;; Eo< m g~~ ~ "'" ..... ZM <<1l ffi e ~ ~.'!l ,~ ri~ ~Q c.f-1 ~ _'0 ~ gg ::J M ."' ~ ....1 "fitR r:s Oib4 i<-i ~ ::=> Z~~ ewEa ,,",, E-t C ~Z.' ..... 2t-J ",."l.,,-, i>' ',,"... ;s. p...! to.. ~<i. H.~. ::. r:;; l~ e:: e I:l+ ..~'i ~O< Y1 ~ . ~ .~ ~ C"~'} E-.' Cf;;t ':'~<i i:;J ~I .. ~~ ~ ~ l:0 .~ ~ . f-l ~ r.iJ 'Tt~ o o .. 2 \,~".. I"'l ~ t-& .. It) ;0 ~ .. ...>l t-- ~:...J ~. ~;j co <;,;j a.") ~~ t:C 00 .'. .. O~ O~ e'J ...-I "\i~ 6' o .. o Cd ..... 0':1. o .. l;C ~ ....,a...".l C5) ~~ t-& ..... . . ;S..' ~.'._.'.. ~ "', .. !:- (,\] II- ';;":' ... ~ ~ i)~!o; ~ ~. .J"! ~:_~-". ;..;-- Q:1 ;:1 "-7,;1; ~.i2 i-'l ,...! ''-~ r~ ~o e :::JI f,;,,; ;:-;," U2 ....0 '7 Q ~Y1 .... r?""l <t li'i vi ~ <:1 L;'" C E-I ~~ ~'oi- ..... ,"'.-;0.., ~-"'~: g,.1~.'. F"! Q:;' i ~ .::1 S~ ','..~;.~ '"' ~ S~. ~1""1: ~ B t~ p~ ~ t,1j ii'- ~ .. CO 1"""4 0-J i;~ .. en e "t'.;o: '<- ~'J ~ 00 t- .. r4"' ;:4 ~ .. e:;",~ v:~ !;':) .. ~ ~~ C?,} ..-I J ~~ :;~....I P""l0 t- f;;1"); .. \;\1 ~ "'" r~ tJ,~ r.fJ o [><l M ",. ~ C'" (1)0 ~ ! R1f1) ;:j ~..\ ~.~ en -.-~~ "..~'. G ""'II ::. ~- ~I ;;. 1- i'oi !iD ~ ,. U) ~;::,;'; ..:l <~; CD Ji5 . e ~;\z c\~o .>1 .. C\; Ft'i ~6 .. Cd ~."'f ,_) C:<1~ ~o b-~ ~~l ce r..~ .. -... ~-.. f",,,~ -"".,' f~ _ at,} t~i .. ~ l'.'\'i ;::ow ..- .. t- o ~"'} t-ij <:<'0 .. .. t.... !to ..,y...... M':1 ~) O:~.. .. ~ f2."4 ~=t r.._ o f~:; .~-: ~~ f't 00 ?f'4 r;$ ~":J e .~ t\.I rJ'i ~ '. ~ ~S ~ <il1 o ro ;.~ '''t m ~- tf., ~ f%j,' ....,,:'" r~;~, U) ~ f.lJ ~ ~, (.,.......'...~.'I' (;;> '" 'l'i' oft C'I =..; C:) t.f}. .t;> e t3J 'S li8 ~ Fl ID Q ~ f;,] f3rJ . 1.":J p*f CJ';l ~) '" ~ ""i" W .. ...1 !""l ~O .. ~ """ ~ m' '" F:oi C':I ef' i';#! ~ t5 ~ l:-~ ..." !O to.",,,,' I"!,,: l""" o 'Jltl. "1' @ " ,~ ~ '1'11' ~., c $? ...... o e-~ Cis ~.'I c: .. o G"J t":lij' ~ >."," (tJp fl~ ~'-:j ~"<j ..;:;-;: {!:~ f:4 ~~ f':-:J ~~" Q .,;:j <e': f:>"i .......,.,,1 ~ I.ti o " ~ r-=i ~.'~ ~~..&1 ,. .... ~. (1.; 10 i\";; """ "'') );,1 . <;t; ~ .. .-l lfJ .-I. ;f:J~Q o "i" 'W .. .. " ';'.'0 G ~:40 ~ (;,'.3 1:':. w.' .1,('3. ft ..... ,~1 ~o t-o {t\} ~.f;-f} ~ ~ o .. ():l """ ~ M'J~"'" ~'t ~ 00 .. .. ~- ~.~ o ("~. . f;O l1:= ~ - ,tr,,~~ ~ l..":;\ ~ij' "ft' o C>J t:';i '" . 1""1 .-.Ie';! ~... ~ r- ~ ~'!"- .. .. r>...~ ....f11i '..."'.i ,. ';';~f' .~.... .-ij; t ~ C} ~: ~ fJi.l ~ (j) {Ill 00 ,." ~ ;; o ~ ~~ ~;:~ .- ffj t"t\ ~ ~ .~ "P'4 $~ .-11-1 F'I llil :~ r-t't. .,j~ w g tt~ rn \'lI W ~ \ll Po ~ ~ ~ .-I .-l '~ii ,,~ .rn -f# +> +'l e e Q ~E4E4 . ll':l C.~ .. ~') .r""'.... ~ iQI ~~ "-1 t .-.. ~~~ ...':) 1:'.," I ~l 1;\$ iif'j . .. . ~ L":} {;''i ~t-e0 o (;,.1 ~ .. ... '"'" "'" """ ,~ ~ .. ~, t'...,.. (;~ .. 0:1" """ ~ ~~ c.) .. t;:;J 1;;\1 '~.' --~G;~. t~ ~ U'J.' . . ~ ~~ fl3lIlI!l ~ eJ'J .. ~ "- 'Lo,..-.1 e:~ .. e!J t- 0 -;:-~ tdS ;L". ~ .. . ~~ ~i" G\~" r,,;:; <l";l e 1;:;> ~~-:. ~:' . d tl 8 ~c; ~.-,,,<,! ~"M ~ Q $;I ~ +~ Q ~ f:! l:.i!-t @ ;> rti ~.t:j A t;.':J ~ ~~ -l.;l l'lI ~ €.I Q M G:1 fl' ~~ i:1 e f....j ...~ <<,.:.":! ~~j 0. ~",. ~\ o ~ r~ ~~ ~I' ~~I ..-I Co! .. e;:;; flJ (';;~ If"~ cj I '?;~ ~l ~~ ~.""'.".' .... 00 o a:. i;;~): ~.:: ~ : * *- >I': ~ * ~ ~ ~ ct, 'i'Ji q:~ ",.; ~ +' -m 10.. ~'J; o I}J l""'1 e~ Iii . 8 c; ~ [r) :.z.~ '1::.' !? .t,- M~~ ~~..... ~i l..:!~ ~ t/;: ~ ;:; e".l .""'\ ~. :r~ ~~ r;,,~ . to) t"'~"" '=~ ~ ~j ;;::,_ C-.) Q :? ~~~i >i.<~ <';':4. ~:t ~- ."'"".. :~,:< m ~..~ ~.~ t . ~g 5 . .. . . Of.;;lOa. CHO C a!'il o~o~ . .. GO f.il C'~ 1;\1 ,.,\.~- -,-:,.",- Q,'\' ."" (;;) I' ae.t':)i!"" . ... ,. c:: OJ f""l ~,' (j.7J ~t ~J'! C'~ ~ .. .. ".u. S'.l I. <:3 WI ~ ~. ,,;?'..: ~~ Qi. tQ '"<,,--4 ~ ~ [oQ .1"4 Ei ~.:.:... ;;7<" \l,l ~~ ~ !::i ... ~ <>,,$ '" [:-~ ,a ~ ""ll.i .-! j;';J p; ~ (I) C/.",,:;s w.. Q Qf 0" l.1> /ij 't:I ,!iI :~ ~'M <<\)."" 1:.1} I t:.l .~ ~" ~ ..::; j"Z.; '::.~ r.... Cd ~ -;?l t.:, I til ::= ;'"1 ~ ~ i'lll Q ::fj ll-1 T~~ ~ s:i "'''* ~ e ~e&"fMli;]~ 111=1 :'$ $:i~ (V 1'""':.zj4Nl~(U :;'~".?'.l""".w., rh ~.' Q.' t:> [;;,-; .~ ~ .G.l eJ ~ r;;, l;,:, i',;; U ""~ 1-1 /:-:::; . Q 1:..) t"",,;~),i. -t,~~ . (i':} Ii'" (;~ -\d f:1;:; p-.::~ CO;] co 0} to <.~ e.' 00 e>.l "'1' ..... \7;, J " . ..0 ~llN tiQ t:'.J I ."', f,lO Q ...... ~?:~ cr. ~. ~ .. ... .. .... lZ\l p4 F"l ~,. F'~ @ e~ I,";; "'::1'.(;..:\1. ~ .. .. ft r-C~C":'~~ I:-..........~ o to"\'t- tj!) ~ .. .. ;~~ f""l I C\! .~ ..... <:;>.'1 r""i~ ~ ~ <:I'~ ,..... .-.. t'-~ ...'...... '~$ ........ _ 111,,; '\f' e;- ~ ,;g 00 ~ OQ "l,f~>l.~ ... .. .. er.; e'j I (i'~ .", (l f/;! m -i,} t~ (!} k .~ ~} m -#' .~ f) ~ m ~ e k ::<''It if ~~,1 .... U'1 e ~ -lill M .l"4 -~.;. ,,'"'I ~ ~ ;:;:~ r';:;1 !!,} FeJ ~ ~ l\" l"'! ;::~ F';, l:::l e ~ f.~J +'..s:; R,1 (II.... !!,) Pel >"'4~ d 00 oP1 t.~ k (\! ;::l e!> ., (ll I.';;':''''' ~'IC; ~).;-J en g~. .. eail ~ ~ ... lfJ F>l hJ C;;' I:'-> 01 ~ 0 r<>:'OH ". ".... <>-.. AfJ I>~ ~--! ~ ~~~.~'I {:tJ . -~ . .. ..... ;;,~ ~ (!? m m tp) -~ 't') ~ JJ;I ~~ -=:-~ !?~ t~. F>l ~"! +:.I <:l 8 ~'~I ',"~ f::~ (II G1 IIJ .,.-'. #<-.1 lJ.,J ?M3 "",d (is ')of i.s 'l) r.l '"'! l'l Q ~ ~ e.l ~ ~ ;~~ Q +" }:j ."" e.l ~ ~1 ~ ;.~::.. . t,).'jl ~I ~il ~ fij .~ t1) r.""1 ; .;.~:>~ ~w .... ~ lit' \4 C~ M ~ ~~ e l~ ["2', ,. ~ .. f,'! ~ l10 .. 30 o ..... ~$-~/ ~3 (l.' {i) rn .~ti ..... $ e 8 ~ :1;'~.:1 t"t? f":,:. r~ ~ ,;... 1:.:11 !'t."" "....."-.~ - ;;S ., p.-,..f ~.~ H.~ E~ ~ ~.... ~ ~{j t;J ~k1 "'11 lI:l i4~ ~~ e (} ~ Q <'4 i::'f~~ .-=l cr.; ~ <<) ... ~~ ~d (f-;} to G')l l~'" t'",'i/I "",...... ~t"'lI. .....-.# ""-... ,~. \C,oo'.~ ..v.~ (t.~ t'.~. 10--:; !l.'!'l'~'1 o ll:}..... tr-e C';J 1:';' C~ ... e,.~ . i :'i~~~, -:-~ ;;;:; m ;:u ~~ t-,~.l ~ e':'~ M..},5 .,.: ~ ..,~,,) Q ~ .--c; ~._:. ~."..t ,~,' .,. :;..:'~.'l a. ;." ~:J-': ::..f 3;f! .nF co _,"""'li.;H,l4 ~ ;.., -' e; ~ ~.,~ ~~ b:f ~:.~il~'."l rf ~..~ ~,'~~ e Q ~;:} ,,~ -r4 fl.J ~.:.'.;I~ ~.~ ~. f;,:~' ~:<: ~~ ~~5. ~;j Q ... ~ r=l :g .. C~I w ~~ "*,# ...~ !F"~ ";n~ ~~ f.~ .~ ~~ rtj f,;i t'j lki () i;) ~~? ~4 ~g ~~ ~:,:",.: ':.'~"..'~'. "..,-,,' t;::; (~ .::, A~l ,-,.',j ~,~) '" f:Jii ~~ t"J ... l{:) "'''' :-'-';''';;;.0 ""'->t..... '-F' 't',,'t . IV ~ <:) +' (f; k e :i, r.:j~ .,.,j ?..:t F"I d o. -~ Q .,.,j ~ ~i - ~ :;:: <0 ," ... ...... --- "d o Q > ~ ~ s "'""'" u; . .....~ ~ g ;:~J . . . ~e~ '~o 00 t.O lC 0 ... .. trJ 0 h".) ;:;r:. C':) C'! ~f'-;~; '-..... "" ~ -+;) ,.. t- Q ~ ,,~ ~/:;", 'j.; (J:; t'il M ...~ :':4 <Iti ;2~ ,.,!..f ..... "-..l C'~ r~ .. r=f .., 11S $., ~ M (~ <ll ,t.:l l!l ... ~ f!l lb! ~l Ii>> -..-I ifWO; Q -+"' '''' . C; -~ W i.....;: ,..; Et';;; .,.,j r:: ~ ~ E l. {~ ~4 "'~ -M -l<" ...:! ..;."i ~.:::J 'F'l ll.l !"'4 ~ G ~ d .9"1 :::J [;>,. ~ ~-'t ,A~ !'! 0 1?: ."" ~ "".. t.";' ~ +1 ~ ~ .'<!I.: (<) {,'<j 0 Q ~ r:.., m ;;:;:!f ;j +' ~.-t ~. "Pi ,~ ~m-~f t:;:i ~ ll'.l CI ~""""C)~ ,.,.... fJ} ....1 po: ~. Z ;:::..~'. . ~ C':I 1';\1 o ,~ ~.~ . (i'.l ~ ~ 1f,'l o F'l ..I'.--,. h,~_.." ~ ,;, * ,~~ :#. '* t ;~ ~~ *' * . . I I I I I I I I I I I I I I I I I I I --00000-- AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION VILLAGE OF SHOREWOOD, MINNESOTA - LIQUOR FUND December 31, 1967 --00000-- I I I I I I I I I I I I I I I I I I I --00000-- CONTENTS AUDITED FINANCIAL STATEMENTS: ACCOlJ.NTANTS' REPORT....................................... STATEMENT OF FINANCIAL POSITION........................... STATEMENT OF EARNINGS AND RETAINED EARNINGS............... OTHER FINANCIAL INFORMATION: EXAMINATION COMMENTS... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --00000-- PAGE 3 4 5 6 I I I I I I I I I I I I I ERNST & ERNST FIR S T N A T ION A L BAN K B LOG. MINNEAPOLIS, MINN. 55402 ACCOUNTANTS;! REPORT The Village Council Village of Shorewood, Minnesota We have examined the statement of financial position of the Village of Shorewood - Liquor Fund as of.December 31, 1967 and the related statement of earnings and retained earnings for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered neces- sary in the circumstances. In our opinion, the accompanying statements of financial position and earnings and' retained earnings present fairly the financial position of the Village of Shorewood - Liquor Fund at December 31, 1967 and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis .consistent with that of the preceding year. J I I I I I I Minneapolis, Minnesota April 19, 1968 ... I I I I I I I I I I I I I I I I I I I STATEMENT OF FINANCIAL POSITION VILLAGE OF SHOREWOOD - LIQUOR FUND ASSETS CURRENT ASSETS Cash - note Savings certificates, including accrued interest of $212.00 in 1966 Accounts receivable Inventory - at the lower of cost (first-in, first-out method) or market Prepaid expenses TOTAL CURRENT ASSETS FIXTURES AND EQUIPMENT - on the basis of cost Furniture, fixtures and equipment Leasehold imProvements Allowances for depreciation (deduction) LIABILITIES AND FUND BALANCE CURRENT LIABILITIES Accounts payable Payroll taxes and pension contribution Current portion of long-term debt TOTAL CURRENT LIABILITIES LONG-TERM DEBT - less portion classified as current liability Municipal Building Revenue Bonds of 1961, 4%, due July 1, 1968 ' FUND BALANCE Retained earnings December 31 1967 1966 $29,266.02 $30,475.01 23,500.00 33,212.00 571.41 2,491.12 28,314.18 24,343.53 1. 918. 65 1.089.16 $83,570.26 $91,610.82 $17,259.73 $ 9,729.11 3,427.99 1,043.45 ( 4.752.18) ( 6.348.93) $15.935.54 $ 4.423.63 $99,505.80 $96,034.45 $ 6,863.81 3,535. 72 5,000.00 $15,399.53 $ 5,753.30 2,100.21 5.000.00 $12,853.51 5,000.00 84.106.27 78.180.94 $99,505.80 $96,034.45 Note - Cash in the amount of: 1967 - $12,100.00, 1966 - $12,300.00 is restricted for debt service purposes. I. I I I I I I I I I I I I I I I I I I I r'~ - /9&7 STATEMENT OF EARNINGS AND RETAINED EARNINGS VILLAGE OF SHOREWOOD - LIQUOR FUND Less inventory at end of year Year Ended December 31 1967 1966 $201,080.17 $178,152.97 60,704.64 53,176.90 10,338.31 10,023.22 $272,123.12 $241,353.09 $ 24,343.53 $ 24,206.66 213,415.30 186 ,541. 71 $237,758.83 $210,748.37 28,314.18 24,343.53 $209,444.65 $186,404.84 GROSS MARGIN $ 62,678.47 $ 54,948.25 $ 20,552.24 $ 16,678.21 Z, 177 . 55 1,557.11 5,085.53 3,583.05 1,333.63 939.17 310.59 289.70 2,404.42 1,562.07 1,340.68 1,203.32 2,399.00 2,172.00 426.90 275.83 482.08 501. 63 341.09 163.73 2.99 48.25 397.12 365.39 $ 37,253.82 $ 29,339.46 $ 25,424.65 $ 25,608.79 $ 1,375.50 $ 1,403.64 ( 312.25) ( 512.25) ( 1,562.57) ($ 499.32) $ 891. 39 NET EARNINGS $ 24,925.33 $ 26,500.18 78,180.94 67,680.76 $103,106.27 $ 94,180.94 Net sales: Liquor and wine Beer Miscellaneous Cost of products sold: Inventory at beginning of year Purchases, less discounts Operating expenses: Salaries Payroll taxes and employee benefits Rent Light and power Telephone Insurance Depreciation Accounting and auditing Bad debts Supplies Office expense Repairs Other Other income (deduction): Interest income Interest expense Loss on sale of fixtures and equipment Retained earnings at beginning of year Transfers: To Special Assessments 65-1 To Park Fund To General Fund From Special Assessments 65-1 ( 4,500.00) ( 10,000.00) ( ( 9,000.00) ( 4,500.00 10,000.00) 6,000.00) RETAINED EARNINGS AT END OF YEAR $ 84,106.27 $ 78,180.94 ( ) Indicates deduction. I I I I I I I I I I I I I I I I I I I OTHER FINANCIAL INFORMATION I I ERNST Oc ERNST FIR 5 T N A T ION A L BAN K B L D G. I MINNEAPOLIS, MINN. 55402 I EXAMINATION COMMENTS I I Village of Shorewood, Minnesota I The audited financial statements of the Village of Shorewood - Liquor Fund and our report thereon are presented in the preceding section of this report. The following conunents relate' to the details of the scope of our examination and our review of accounting procedures and internal controls. I SCOPE OF EXAMINATION The examination conunents in the other financial information included with the audited statement of receipts and disbursements of the various funds of the Village of Shorewood of the same date cover the scope of our procedures in the area of cash, cash transactions and certain other areas. I I We observed the taking of the physical inventory and recorded test counts which were subsequently traced to the inventory listings. Prices were supported on a test basis by reference to vendors' invoices. Clerical accuracy was verified on a test basis. We also tested the accounts payable cutoff. We adjusted the inventory to a cost basis by eliminating promotional discounts. I We reviewed the property accounts and additions were supported on a test basis. The provision for depreciation for the year was reviewed and tested. I Accounts payable were supported by direct correspondence with vendors on a test basis and by sighting documentary evidence. I We examined paid Municipal Revenue Bonds and paid interest coupons thereon. We received confirmation of the bonds still outstanding. I Sales were reconciled to cash receipts, and other accounts were tested and sup- ported as deemed necessary. I REVIEW OF ACCOUNTING PROCEDURES AND INTERNAL CONTROLS In addition to the conunents in the other financial information included with the audited statements of receipts and disbursements of the various funds of same date, we have the following comment pertaining specifically to the procedures and internal control of the liquor store operation. I I I I _t:._ I I I I I I I I I I I I I Our work with the liquor store records indicate that the accountant is doing good work. As the Village Clerk is responsible for the maintenance of the accounting records, we recommend that she become familiar with the system in use. Minneapolis, Minnesota April 19, 1968 I I I I I I